MCX Tips Trend Today 25 April 12

Gold
Silver Trend Today :- International Market Gold is in declining
trend and Silver is seen moderately fast. COMEX Gold slightly down
and is trading at $ 1,642. Silver is trading above $ 30 with slight
edge. Domestic Market Gold closed at Rs 28 865 with 0.29% fast on
Tuesday while Silver closed at Rs 55 670 with strength. 0.21%.

Today Due
to slowdown in International Market, Domestic Market Gold and Silver
are traded with weakness. MCX Gold is trading at Rs 28 830 with
decline of 0.15%. While Silver has weakened 0.25% and its price has
at Rs 55 560.

MCX
Gold Silver Tips For Today

Gold
June Futures Buy - 28 820, Stoploss - 28 760, Target – 29000.

Silver
May Futures Buy - 55 400, Stoploss - 55 280 , Target - 29 050.

Crude
Oil Trend :- NYMEX crude oil has seen 0.20% fast and price is
above $103/ Barrel. In Domestic Market Crude Oil up by 0.26% on on
Tuesday and its closed at 5457. MCX crude oil is trading above Rs
5,475 With 0.25% up today.

Copper
Trend :- London Metal Exchange (LME) Copper is trading with
slight decline. Domestic Market Copper close to above Rs 426 on
Monday with nearly 1% up. Today MCX base metals is being grossly
witnessed. Aluminum and Nickel have been strengthened by 0.25% but
copper, lead and zinc is idling.

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Experts View

CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com

Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200.
For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com

Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."